Joint mission of European Commission, IMF to arrive to Hungary on July 17

Analysis

A joint mission of the European Commission and the IMF is scheduled to arrive for talks to Budapest on July 17 to start talks on financial assistance, EC spokesman Olivier Bailly said in Brussels on Friday.

He said the two institutions will start talks on a precautionary program after the Hungarian Parliament adopted amendments to the central bank act on Friday.

Once the amendments are fully adopted and come into force, the European Commission is ready to proceed with the closure the infringement procedure it launched against Hungary regarding central bank independence in January, the spokesman said, noting that closing the procedure will now be a matter of formality.

The amendments passed integrate the elements requested by the European Commission in its infringement procedure and by the three institutions - the EC, the IMF and the European Central Bank - at recent consultations regarding the act, Bailly said.

ADVERTISEMENT

6,851 new COVID cases registered in Hungary Figures

6,851 new COVID cases registered in Hungary

General elections to be held on April 3 Elections

General elections to be held on April 3

Microsoft Hungary head Chris Mattheisen discusses the Vatica... Podcasts

Microsoft Hungary head Chris Mattheisen discusses the Vatica...

Most districts not planning mandatory vaccination at kinderg... City

Most districts not planning mandatory vaccination at kinderg...

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.